Q2 2018 Financial Result announced by STMicroelectronics 

• Q2 net revenues $2.27 billion (up 18.0% Y/Y), operating margin 12.7%, net income $261 million
• Q2 Y/Y revenue performance balanced across product groups, regions and end markets
• Q3 business outlook at mid-point: net revenues up about 10.0% Q/Q, gross margin about 40.0%

 STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the second quarter ended June 30, 2018.  Second quarter net revenues and gross margin were above the mid-point of the Company’s outlook.  ST reported second quarter net revenues of $2.27 billion, gross margin of 40.2%, operating margin of 12.7%, and net income of $261 million or $0.29 diluted earnings per share.

Jean-Marc Chery, STMicroelectronics President & CEO, made the following comments: 

• “ST had another quarter of double-digit, year-over-year revenue growth, with improved performance across key financial metrics. We are on track with the goal set at our Capital Markets Day to grow year-over-year 2018 revenues between about 14% to 17%.
• “Revenue increased 18% year-over-year on balanced growth across all product groups, regions and end markets, with an especially strong performance in Industrial.
• “Operating income and net income were up sharply year-over-year, increasing respectively about 60% and 73%.
• “ST’s third quarter outlook is for revenues to grow sequentially about 10.0%, reflecting year-over-year growth of 16.8%, and gross margin to be about 40.0%. This is driven by continued healthy demand in our end markets and, as anticipated, by growth in smartphone applications.”

Financial Summary (U.S. GAAP)⁽¹⁾

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